Banca Transilvania S.A.

BVB:TLV Stock Report

Market Cap: RON 25.7b

Banca Transilvania Valuation

Is TLV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TLV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TLV (RON28.05) is trading below our estimate of fair value (RON36.8)

Significantly Below Fair Value: TLV is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TLV?

Other financial metrics that can be useful for relative valuation.

TLV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does TLV's PE Ratio compare to its peers?

The above table shows the PE ratio for TLV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.3x
BRD BRD - Groupe Société Générale
8.9x3.6%RON 13.5b
PBK Patria Bank
8.4x24.0%RON 275.4m
FEDERALBNK Federal Bank
12.2x13.2%₹502.2b
MBK mBank
19.6x29.2%zł24.2b
TLV Banca Transilvania
7.5x4.4%RON 25.7b

Price-To-Earnings vs Peers: TLV is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (12.3x).

Price to Earnings Ratio vs Industry

How does TLV's PE Ratio compare vs other companies in the European Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.2%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a0.2%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: TLV is expensive based on its Price-To-Earnings Ratio (7.5x) compared to the European Banks industry average (7.5x).

Price to Earnings Ratio vs Fair Ratio

What is TLV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TLV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ratio8.4x

Price-To-Earnings vs Fair Ratio: TLV is good value based on its Price-To-Earnings Ratio (7.5x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TLV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRON 28.05
RON 27.16
-3.2%
12.7%RON 31.90RON 21.80n/a5
Oct ’25RON 27.75
RON 27.16
-2.1%
12.7%RON 31.89RON 21.80n/a5
Sep ’25RON 28.75
RON 27.16
-5.5%
12.7%RON 31.89RON 21.80n/a5
Aug ’25RON 29.10
RON 24.87
-14.5%
14.3%RON 29.62RON 18.99n/a5
Jul ’25RON 27.70
RON 24.87
-10.2%
14.3%RON 29.62RON 18.99n/a5
Jun ’25RON 27.18
RON 24.87
-8.5%
14.3%RON 29.62RON 18.99n/a5
May ’25RON 24.74
RON 24.41
-1.3%
7.8%RON 26.57RON 21.91n/a4
Apr ’25RON 24.22
RON 23.53
-2.8%
10.4%RON 26.57RON 20.03n/a5
Mar ’25RON 23.00
RON 23.53
+2.3%
10.4%RON 26.57RON 20.03n/a5
Feb ’25RON 21.58
RON 22.09
+2.3%
5.0%RON 23.27RON 20.03n/a5
Jan ’25RON 21.13
RON 22.09
+4.5%
5.0%RON 23.27RON 20.03n/a5
Dec ’24RON 20.02
RON 22.14
+10.6%
5.3%RON 23.52RON 20.03n/a5
Nov ’24RON 19.22
RON 21.92
+14.1%
5.4%RON 23.52RON 20.03RON 28.306
Oct ’24RON 19.25
RON 21.05
+9.4%
11.4%RON 23.52RON 15.82RON 27.757
Sep ’24RON 18.41
RON 19.97
+8.4%
14.1%RON 23.52RON 15.82RON 28.756
Aug ’24RON 18.62
RON 19.14
+2.8%
12.8%RON 22.69RON 15.82RON 29.106
Jul ’24RON 16.01
RON 19.14
+19.6%
12.8%RON 22.69RON 15.82RON 27.706
Jun ’24RON 14.58
RON 19.14
+31.3%
12.8%RON 22.69RON 15.82RON 27.186
May ’24RON 14.78
RON 19.14
+29.5%
12.8%RON 22.69RON 15.82RON 24.746
Apr ’24RON 15.05
RON 18.80
+24.9%
13.6%RON 22.69RON 15.82RON 24.225
Mar ’24RON 15.13
RON 19.99
+32.2%
21.3%RON 27.01RON 15.59RON 23.005
Feb ’24RON 15.31
RON 19.69
+28.6%
20.0%RON 27.01RON 15.59RON 21.586
Jan ’24RON 15.37
RON 19.69
+28.1%
20.0%RON 27.01RON 15.59RON 21.136
Dec ’23RON 15.51
RON 19.69
+26.9%
20.0%RON 27.01RON 15.59RON 20.026
Nov ’23RON 13.31
RON 20.54
+54.3%
17.8%RON 27.01RON 15.59RON 19.227

Analyst Forecast: Target price is lower than the current share price.

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